Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h —

Price spread now: tradeXYZ against Aevo−0.169%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.169% cheaper against Aevo than usual: you would sell low and buy high (spread −0.169% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 2.7 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MINIMAX-PERP	36.555	0.0104	pay 0.0013% / 1h	31m 05s	—	—	10x
Short	tradeXYZ xyz:MINIMAX	36.493	0.0315	get 0.0039% / 1h	31m 05s	$4.8M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee tradeXYZbpOrdersPrice spread, now −0.169%Rate

Funding earned: $44.39
Price spread: −0.169% → 0.000%: −$16.92
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$6.53
Costs to cover: 0.340%
Break-even: 8.0 days

Slippage unknown: Aevo: no order-book sample; tradeXYZ: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 7 min ago	3.29 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MINIMAX on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MINIMAX-USDT	0.0000%	4h	36.580	+0.069%	$15	$1.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.552	−0.008%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0048%	1h	36.552	−0.008%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.540	−0.041%	$92K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.550	−0.013%	$23K	$52K	5x	as long as short
edgeX MINIMAXUSDC	+0.0070%	4h	36.510	−0.122%	$27K	$184K	10x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	36.555	long leg	—	—	10x
tradeXYZ xyz:MINIMAXshort	+0.0315%	1h	36.493	−0.169%	$4.8M	$3.3M	10x
Gate MINIMAX_USDT	+0.0367%	8h	36.590	+0.096%	$1.3M	$2.9M	50x	as long as short
Bybit MINIMAXUSDT	+0.0393%	8h	36.550	−0.013%	$920K	$962K	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0591%	8h	36.493	−0.168%	$32K	$6K	20x	as long as short
Bitget MINIMAXUSDT	+0.0706%	8h	36.544	−0.030%	$1.2M	$2.7M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0750%	4h	36.550	−0.013%	$96K	$35K	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0770%	4h	36.487	−0.185%	$1K	$123K	10x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	36.539	−0.045%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0858%	4h	36.550	−0.013%	$6.4M	$30.2M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1409%	8h	36.590	+0.096%	$2.8M	$8.0M	20x	as long as short